- The new Barclays (NYSE:BCS) chief told employees the hiring ban will stay in place "for a long time," reports Bloomberg.
- The freeze, of course, is taking place alongside deep job cuts, with Staley considering whether to lop off another 20% of the investment banking staff (mostly in Asia).
- While the bank has already made massive job cuts, the net amount since 2012 is just a loss of 3K positions thanks to continued hiring.